On September 24, Bybit, a leading cryptocurrency exchange, announced the launch of its Islamic crypto account, designed specifically for Muslim traders. This innovative move underscores Bybit’s commitment to inclusivity and regulatory adherence, ensuring that its services align with Islamic principles. According to Ben Zhou, the CEO of Bybit, this initiative is a significant milestone in
Exchanges
Binance, the cryptocurrency exchange that has taken the digital finance world by storm, recently celebrated a remarkable milestone: over $100 trillion in processed trades since its inception in 2017. This astonishing figure, announced by CEO Richard Teng on the X platform, not only highlights the exchange’s growth but also underscores its pivotal role in the
In the rapidly evolving landscape of decentralized finance (DeFi), Ethena Labs has made headlines for its synthetic dollar, USDe. As competition in the stablecoin sector intensifies, Ethena is pursuing innovative strategies to enhance USDe’s appeal and usability. Recently, community-driven proposals have surfaced, including the potential establishment of a decentralized exchange (DEX) known as Ethereal, which
In a significant move indicative of the evolving landscape of cryptocurrency exchanges, Bithumb—the second largest crypto trading platform in South Korea—has announced its plans to pursue a potential public listing in the United States. This revelation, shared during a shareholders’ meeting on September 30, signals Bithumb’s aspirations not only to enhance its operational footprint but
In a significant move reflecting the evolving landscape of cryptocurrency regulation, Kraken has announced the cessation of support for Monero (XMR) within the European Economic Area (EEA) by the end of October 2024. This decision, revealed in an official statement on October 1, exposes the tension between regulatory compliance and the inherent privacy features that
On September 30, 2023, Gemini, a prominent cryptocurrency exchange, informed its Canadian customers of its impending exit from the market by December 31, 2024. This withdrawal marks a significant decision, given that Gemini had previously regarded Canada as a promising territory for international growth. The communication explicitly stated that the exchange would close all accounts
The collapse of FTX sent shockwaves through the cryptocurrency industry, and Caroline Ellison’s recent sentencing is a stark reminder of the legal repercussions faced by those involved. As the former CEO of Alameda Research and once intertwined with disgraced crypto mogul Sam Bankman-Fried (SBF), Ellison received a two-year prison term and was ordered to forfeit
In July, WazirX, one of India’s leading crypto exchanges, suffered a catastrophic hack that resulted in the theft of $230 million worth of assets. The incident sent shockwaves through the cryptocurrency community, leading to a crisis of confidence among its user base. To navigate this turbulent period, WazirX requested a six-month moratorium to temporarily shield
The cryptocurrency landscape is constantly evolving, with new platforms emerging regularly to cater to the increasing demand for digital currencies. As investors circle the market looking for viable trading options, the significance of selecting a trustworthy and efficient exchange cannot be overstated. This article delves into one of the leading platforms available today—BestChange—highlighting its exceptional
The cryptocurrency market is witnessing an array of developments worldwide, marked by varying growth rates and adoption levels across different countries. However, the United Arab Emirates (UAE) stands out as a significant player in the global crypto ecosystem, showcasing remarkable growth and diversification that defies typical patterns. Drawing upon insights from a recent Chainalysis report,